What is the date of the license agreement between Mogavero Investments and the Boulder Designs franchisor?
Boulder_Designs Franchise · 2025 FDDAnswer from 2025 FDD Document
Mogavero Investments has granted us a license to use and sublicense to use the above-mentioned Marks, dated December 1, 2017. The term of the license is for 99 years. The license agreement may be terminated if we take any affirmative act of insolvency, if a receiver or trustee is appointed to take possession of our properties and is not discharged within 90 days, if we wind up, sell, consolidate or merge our business, or if we breach any of our duties and obligations under the license and do not cure the breach within 60 days following written notice of the breach. Within the license agreement, the term "Marks" includes any other trade names, service marks, trademarks, designs, logos, slogans and commercial symbols now in existence or later adopted by Mogavero Investments that are used in connection with the System. This license agreement licensed to us any future trademarks acquired by Mogavero Investments as well. If Mogavero Investments terminates the license agreement, they must honor all franchise agreements, including the right to renew.
Source: Item 13 — TRADEMARKS (FDD pages 34–36)
What This Means (2025 FDD)
According to Boulder Designs's 2025 Franchise Disclosure Document, the license agreement between Mogavero Investments and the franchisor is dated December 1, 2017. This agreement grants Boulder Designs the right to use and sublicense specific trademarks. The license term extends for 99 years.
The license agreement outlines specific conditions under which it may be terminated. These conditions include instances where Boulder Designs takes an affirmative act of insolvency, if a receiver or trustee is appointed to manage their properties and is not discharged within 90 days, or if the company winds up, sells, consolidates, or merges its business. Additionally, the agreement can be terminated if Boulder Designs breaches any duties or obligations and fails to rectify the breach within 60 days after receiving written notice.
Within the license agreement, the term "Marks" encompasses all trade names, service marks, trademarks, designs, logos, slogans, and commercial symbols currently existing or adopted later by Mogavero Investments that are associated with the Boulder Designs system. The license extends to any future trademarks acquired by Mogavero Investments. Importantly, if Mogavero Investments terminates the license agreement, they are obligated to honor all existing franchise agreements, including renewal rights. This provision protects franchisees in the event of a termination of the license agreement between Boulder Designs and Mogavero Investments.